-The Hindu Entire Opposition was united in their call to send the Bill to a select committee The contentious General Insurance Business (Nationalisation) Amendment Bill, 2021 was passed amidst shocking scenes in the Rajya Sabha on Wednesday despite the Opposition’s demand to send the legislation to a select committee. The Rajya Sabha passed the Bill that would allow the government to cut its share in public sector insurance companies, paving the way for...
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Residents of Gujarat village protest against windmills being set up on forestland -Mahesh Langa
-The Hindu Natural resources have been destroyed in Kutch due to clean energy projects AHMEDABAD: Sangnara, a small village in Kutch, has been trying to save its forests from wind energy companies for the past two years as windmills were being installed on forestland, depriving people of greenery and natural resources. Kutch has been designated as an important wind energy exploitation zone, and in the past few years thousands of windmills have been...
More »Adani versus Economic Times: Adani Ports and SEZ files a civil suit -Tanishka Sodhi
-Newslaundry.com A June 14 report in the newspaper about an Indian government agency freezing the accounts of three of Adani Group’s foreign investors had sent its shares tumbling. On June 14, the Economic Times reported that the National Securities Depository Ltd, a government entity which holds securities, had frozen the accounts of three foreign investment funds – Albula, Cresta, APMS – which together own shares of Rs 43,500 crore in four Adani...
More »Why flooding raises alarm over bearing of hydropower plants on the Himalayas -Jasleen Bhatti
-Down to Earth The need of the hour is to put halt large hydel-power projects in the Himalayas. Can small hydropower plants offer a sustainable solution? Hydropower is a renewable and non-polluting source of energy. India has an economically exploitable and viable hydropower potential, which is estimated to be about 84,000 megawatt at 60 per cent load factor. It has an installed capacity of 148,701 MW, according to the National Hydroelectric Power...
More »Delhi HC slams Centre, RBI for inaction on usurious mobile vendors
-The Hindu RBI said it regulates banks and non-banking finance companies and it does not regulate online lending platform The Delhi High Court on Tuesday observed that online lending platforms, offering short-term personal loans through mobile apps, cannot be allowed to charge exorbitant interest and processing fees. “Rate of interest should not be exorbitant. Just look at the difficulties. An expert body is required. If you people are so slow in taking action,...
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